Today’s Ownership Action: Anti-Aberdeen Greater China Fund Inc Institutional Investors Sentiment Runs Low in 2016 Q2

November 18, 2016 - By Marie Mckinney   ·   0 Comments

Today's Ownership Action: Anti Aberdeen Greater China Fund Inc Institutional Investors Sentiment Runs Low in  2016 Q2

Sentiment for Aberdeen Greater China Fund Inc (NYSE:GCH)

Aberdeen Greater China Fund Inc (NYSE:GCH) institutional sentiment decreased to 0.64 in Q2 2016. Its down -0.24, from 0.88 in 2016Q1. The ratio worsened, as 7 investment managers opened new and increased stock positions, while 8 sold and reduced their stock positions in Aberdeen Greater China Fund Inc. The investment managers in our partner’s database now hold: 4.04 million shares, up from 3.98 million shares in 2016Q1. Also, the number of investment managers holding Aberdeen Greater China Fund Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 6 Increased: 4 New Position: 3.

Aberdeen Greater China Fund, Inc. , formerly, The Greater China Fund, Inc, is a non-diversified, closed-end management investment company. The company has a market cap of $79.07 million. The Fund’s investment objective is to seek long-term capital appreciation through investment in listed equity securities of companies that are organized under the laws of, and have their principal place of business in, China and/or Hong Kong and/or Taiwan; or during their recent fiscal year derived over 50% of their revenues or profits from goods produced or sold, investments made or services performed in China and/or Hong Kong and/or Taiwan or have over 50% of their assets in China and/or Hong Kong and/or Taiwan. It currently has negative earnings. The Fund invests in various sectors, including financials, industrials, consumer discretionary, information technology, telecommunication services, energy, healthcare, consumer staples, utilities and materials.

The stock increased 0.23% or $0.02 on November 17, hitting $8.8. Aberdeen Greater China Fund Inc (NYSE:GCH) has risen 4.14% since April 18, 2016 and is uptrending. It has underperformed by 0.29% the S&P500.

City Of London Investment Management Co Ltd holds 2.14% of its portfolio in Aberdeen Greater China Fund Inc for 3.21 million shares. First Wilshire Securities Management Inc owns 75,555 shares or 0.2% of their US portfolio. Moreover, Doliver Capital Advisors Inc. has 0.16% invested in the company for 21,775 shares. The Connecticut-based Gramercy Funds Management Llc has invested 0.16% in the stock. Cornerstone Advisors Inc, a Alabama-based fund reported 64,677 shares.#img1#

GCH Company Profile

Aberdeen Greater China Fund Inc, formerly The Greater China Fund, Inc. (the Fund), incorporated on May 11, 1992, is a diversified, closed-end management investment company. The Fund’s investment objective is to seek long-term capital appreciation by investing substantially all of its assets in listed equity securities of companies operating in China (including Hong Kong). The Fund seeks to achieve its investment objective by investing substantially all of its assets in listed equity securities of companies that derive, or which are expected to derive a significant proportion (at least 50%) of their revenues from goods produced or sold, investments made or services performed in China (referred to as China companies). The Fund invests at least 65% of its total assets in equity securities of China companies listed on stock exchanges in China or Hong Kong. It may also invest in equity securities of China companies listed on stock exchanges located elsewhere, including, but not limited to, exchanges in Korea, Singapore or Taiwan. Up to 15% of the Fund’s total assets may be invested in unlisted equity securities of China companies for which there is no public trading market. It may also invest to a limited degree (up to 20% of its total assets) in debt obligations of China companies, which may be lower-rated or non-rated. It may also invest in other equity securities, including preferred stock, rights or warrants to purchase common stock or preferred stock, and debt securities convertible into common stock or preferred stock.

More notable recent Aberdeen Greater China Fund Inc (NYSE:GCH) news were published by: Prnewswire.com which released: “Aberdeen Greater China Fund, Inc. Announces Performance Data And Portfolio …” on October 21, 2016, also Prnewswire.com with their article: “Aberdeen Greater China Fund, Inc. Announces the Renewal of Share Repurchase …” published on November 07, 2016, Prnewswire.com published: “The Greater China Fund, Inc. Announces Name Change” on December 02, 2013. More interesting news about Aberdeen Greater China Fund Inc (NYSE:GCH) were released by: Seekingalpha.com and their article: “Aberdeen Asia-Pacific Income: Emerging Markets Bonds At A 17% Discount” published on October 12, 2015 as well as Businesswire.com‘s news article titled: “City of London Investment Management Company Limited announces its position …” with publication date: November 27, 2012.

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By Marie Mckinney


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